Carbon Fiber Market Growing at a CAGR of 10.8% During 2016 to 2026

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21 Dec, 2016, 20:30 IST

PUNE, India, December 21, 2016 /PRNewswire/ --

The global carbon fiber market is projected to reach USD 8.00 billion by 2026, at a CAGR of 10.8% from 2016 to 2026 while aerospace & defense end-user industry form the largest market share in the carbon fiber market, by value dominated by North America. 

Browse 81 tables and 54 figures, 15 Company profiles spread across 149 pages available at http://www.reportsnreports.com/reports/787136-carbon-fiber-market-by-product-type-continuous-long-short-raw-material-pan-pitch-rayon-form-composite-non-composite-end-user-industry-aerospace-defense-automotive-wind-energy-sporting-goods-an-st-to-2026.html .

The major drivers of the global carbon fiber market are the increasing demand for carbon fiber from the automotive and aerospace & defense end-user industries, increasing usage of carbon fiber in wind energy, and new product launches in the carbon fiber market. However, issues related to the high cost of carbon fiber and insufficient production capacity is the major factors restraining the growth of the market.

North America is the fastest-growing region in the carbon fiber market. The increasing demand for carbon fiber based composites by various end-use industries such as, automotive, aerospace & defense, wind energy, and sporting goods is driving the carbon fiber market in the region. Moreover, the region is witnessing rapid economic development and industrialization which is also driving the carbon fiber market in the region.

The report provides a comprehensive analysis and company profiles of the major key players such as Hexcel Corporation (U.S.), Mitsubishi Rayon Co. Ltd.  (Japan), Teijin Limited (Japan), Hyosung(South Korea), SGL Group (Germany), Cytec Industries Inc. (U.S.), DowAksa (Turkey), SvetlogorskKhimvolokno (Belrus), Toray Industries Inc. (Japan) and Kemrock Industries & Exports Ltd.  (India). Order a copy of Carbon Fiber Market by Product Type (Continuous, Long, Short), Raw Material (PAN, Pitch, Rayon), Form (Composite, Non-Composite), End User Industry (Aerospace & Defense, Automotive, Wind Energy, Sporting Goods), and Region - Global Forecast to 2026 research report at http://www.reportsnreports.com/purchase.aspx?name=787136 .

In the process of determining and verifying, the global carbon fiber market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (25%) and Tier 3 (40%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C level (30%), Director Level (25%) and others (45%) from various key organizations operating in the global carbon fiber market. The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (25%), Asia-Pacific (30%), Latin America (10%) and Middle East & Africa (5%).

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